Pricing

The Pricing Section allows you to set vehicle prices, such as the buying price or selling price.

Note: Fields under the "Visible to Admins Only" category are not displayed to non-admin users, ensuring sensitive information is restricted to authorized personnel only.

Net Buying Price

The Net Buying Price is the amount a dealership pays to purchase a vehicle. It is visible to admin users only. This price should be entered after all taxes and additional charges have been accounted for. It represents the final net amount paid to the seller by the dealership.

If net buying price is not entered then "0 Buying Price" badge is shown to the admin users in the purchase list.

Margin

If a margin percentage is entered, the system will automatically calculate the minimum selling price based on that margin. It is visible to admin users only.

For more information on how the minimum selling price is calculated, please refer to this section.

Minimum Selling Price

The Minimum Selling Price is the lowest price at which a vehicle can be sold. This field can be calculated automatically or set manually:

If a margin is specified, the system automatically calculates the minimum selling price, and in this case this field becomes read-only.
To manually set the minimum selling price, the margin must be set to zero.
If a margin is specified, then expenses entered in the Expenses Grid are automatically added to the minimum selling price.

It should be noted that if the margin is set to zero and the minimum selling price is manually adjusted, expenses will not be automatically added. This is because the system does not alter user-entered values. Users must ensure all expenses are considered before manually adjusting the price.

Expenses

The Expenses Grid is used to record all expenses incurred to make a vehicle ready for sale, such as denting, painting, or other repairs. These expenses are handled as follows:

If a margin is specified, the expenses are automatically added to the Minimum Selling Price.
If no margin is specified, users must manually account for these expenses when setting the minimum selling price.

For more information, please refer to this section.

Maximum Selling Price

The Maximum Selling Price is used to set the highest list price for a vehicle to manipulate vehicle pricing. It serves multiple purposes:

It can be used as the list price for the vehicle.
It acts as a reference price that can be adjusted to offer discounts, with salespersons allowed to offer discounts down to the Minimum Selling Price.
It can also be used for promotional purposes, such as generating deals. For example, if the Maximum Selling Price is higher than the Minimum Selling Price, an instant discount can be highlighted on a QR card to entice customers.

Default Behavior: By default, the Maximum Selling Price is read-only. The system calculates it by adding 10% (or a configurable percentage) to the Minimum Selling Price.

Manual Adjustment: Users can manually adjust the Maximum Selling Price by unchecking the checkbox located before this input field.